2025-07-21 目录1、金融要闻及点评.................................................................................................................................................................41.1、宏观策略(黄金)............................................................................................................................................................41.2、宏观策略(外汇期货(美元指数))..................................................................................................................................41.3、宏观策略(股指期货)....................................................................................................................................................51.4、宏观策略(国债期货)....................................................................................................................................................52、商品要闻及点评.................................................................................................................................................................62.1、农产品(豆油/菜油/棕榈油).........................................................................................................................................62.2、黑色金属(动力煤)........................................................................................................................................................72.3、黑色金属(铁矿石)........................................................................................................................................................72.4、农产品(棉花)................................................................................................................................................................82.5、农产品(豆粕)................................................................................................................................................................82.6、农产品(白糖)................................................................................................................................................................92.7、黑色金属(螺纹钢/热轧卷板)......................................................................................................................................92.8、农产品(玉米淀粉)......................................................................................................................................................102.9、农产品(玉米)..............................................................................................................................................................112.10、有色金属(氧化铝)....................................................................................................................................................112.11、有色金属(铜)............................................................................................................................................................112.12、有色金属(多晶硅)....................................................................................................................................................122.13、有色金属(工业硅)....................................................................................................................................................132.14、有色金属(碳酸锂)....................................................................................................................................................142.15、有色金属(铅)............................................................................................................................................................142.16、有色金属(锌)............................................................................................................................................................152.17、有色金属(镍)............................................................................................................................................................152.18、能源化工(碳排放)....................................................................................................................................................162.19、能源化工(原油)........................................................................................................................................................172.20、能源化工(苯乙烯)....................................................................................................................................................17 2期货研究报告 3期货研究报告2.21、能源化工(烧碱)........................................................................................................................................................182.22、能源化工(纸浆)........................................................................................................................................................182.23、能源化工(PVC)..........................................................................................................................................................182.24、能源化工(纯碱)...........................................................................................................................................